MARKET REVIEW
After a winning strike of last week on the very first day on new week STI closed with some lose. STI opens @ 3070.84 at days high but not sustains that higher level and made a low of 3044.33 and finally closed with some points of recovery @ 3057.38 losses of 13.46 points down by 0.44%.

MARKET FORECAST
As we told in our previous reports that STI having a trading range of 2950-3120 and it is moving between this range only and before last week STI breached this 2950 level and made a low of 2919 took support @ its 61.8% retreatment level.

Today STI faced Resistance @ 3070 level which is its previous multiple support as well as Resistance level, so now this level again act as a Resistance for the Market and also it took support @ up slopping trend line today. So the coming days , STI have to maintain above its 3070 levels for upwards rally and also not to breached its up slopping trend line level if breached then it can go further down side.

SUPPORT
STI having strong support @ 3020 and below this level it can take support @ 2990-2960 levels.

RESISTANCE
STI having Resistance @ 3070 and above this level 3100-3130 will be the major resistance zone for STI.

TECHNICAL INDICATORS
MACD turn to be bullish phrase as it gave bullish crossover and also RSI reverse with today move, from up to down side but still maintain
above its centreline of 50 @ 52.24.

Genting Singapore PLC took support @ its 1.86 levels and now crossed its 50 day MA level of 2.021 and closed on weekly high of 2.04.
Genting Singapore PLC making a Falling wedge pattern, as it was trading in a bearish consolidation trend and now it can move to bullish zone as it took support @ lower support line and reverse, so if it will give breakout above 2.04 it can turn
to be bullish.

Genting Singapore PLC having a Resistance level @ 2.04 and it can move towards and crossed its upper trend line which is connecting with lower high and go for 2.16-2.25 and above.

Genting Singapore Ltd having Support @ 2.00 levels and below this level 1.96-1.86 will be the major support zone for
Genting.

Technical Indicator MACD gave its bullish Crossover and seems more bullish and RSI trading above centreline of 50 @59.18.

Cosco Corp making a Falling wedge pattern, as it was trading in a bearish trend and now it can move to bullish zone as it took support @ lower support line and reverse, so if it will give breakout above 1.913 it can turn to be bullish.

Cosco Corp having a Resistance level @ 1.913 and it can move towards 1.945-1.98-2.04 above the breakout.

Cosco Corp having Support @ 1.87 levels as it was a Resistance previously and now it will be a Support zone below this 1.84-1.79 will be the support for Cosco.

Positional Trading Advice-

Go for Long in Cosco Corp at 1.91 for the Targets 1.95-2.00-2.05
and Stoploss 1.87 Holding period 4-5 days

As per daily graph of Fraser and Neave Ltd, it took support @ its major support level of 5.257 and reverse, and today it was made a high of 5.57. FNA having its major resistance area @ 5.45 levels if it will continue to maintain this level than it can move
more upside to 5.55-5.65-5.75 and above. FNA having a support zone @ 5.25 level but it can also took intermediate Support @ 5.36 level if it will breached this level than it can move more down side to 5.25-5.17.

Trading advice- One can take long position in the FNA above 5.47 with SL of 5.40 for target 5.55-5.65-5.75 4-5 days holding.

Weekly Wrap of STI
Strait Times breached its major support level of 3040 and sustains below this whole the week and took support @ 2919.98 below its 61.8% retracement level.
STI opens just below its 50 week MA level @ 3043.49 and trades below this level whole the week, took support below its 61.8% retracement level of 2919.98, the retracement level was @ 2925.81, and closed just above this level of 2935.78 with loss of 107.71 points down by 3.54%.

Market Forecast for Week Ahead

STI made a high of 3043. 49 in opening session as STI having support level @ 3040 which is up slopping trend line level, and STI breached this level and sustain also below this and took support below its 61.8% retracement level on weekly graph and for coming days this will be the major support level for market. STI was trade in the 3150-2950 range from past some days and now STI breached this range and closed below this level so now we can say that it is in downtrend and now it can go more 100-150 points. For the coming days still we feel some consolidation to downtrend as market is near to its 61.8% retracement level and expected that
it will take support @ this level and if it will not sustains this level than it will go more down side.

STI Resistance
STI having major resistance @ 2950 level above this level 3000-3050 will be the major Resistance for market.

STI Support
STI having strong support @ its 2910 level and below this level 2870-2840 will act as a support zone for market.

Technical Indicators
Technical Indicators are in bearish zone RSI trading @ 36.42 and MACD is also in bearish zone.

MARKET REVIEW
STI plunge more than 100 points today's trade and breached all the decisive support levels and closed below major support level of 2965 @ 2946.08.
STI opens with 21 points of gap and made a low of 2932.35 and consolidate day long between 2960-2940 levels and finally closed @ 2946.08 with loss of 84.78 points down by 2.80%

MARKET FORECAST
STI breached its up slopping trend line today i.e. 3025 level on daily graph and also break all the immediate support level too and closed below major Support level of 2965 @ 2946.08.

STI took support just above its 61.8% and 76.4% Retracement level Daily & Weekly charts respectively, as we told previously that if STI breached its 61.8% retracement level on weekly chart than it can move 100-150 points down side.

SUPPORT
STI having strong support @ 2920 which is its 61.8% Retracement level if STI breached this level than it can go for 2885-2855 level.

RESISTANCE
STI having Resistance @ 2975 and above this level 3005-3035 will be the major resistance zone for STI.

STI opens above 3100 mark and made a high of 3113.05 very near to our resistance level but cant sustains its higher level and closed below 3100 mark.

STI opens @ 3103.84 levels and after that made a low of 3087.84, but took support and made a high of 3113.02 and finally closed @ 3092.90 with loss of 10.94 points down by 0.35%.

MARKET FORECAST

Today again STI faced resistance @ higher levels and finally closed below 3100 mark but well above its good support level, so the positive sentiments are there in the market. After a weeklong consolidation, finally STI crossed its major Resistance level of 3072 and also maintain this level. From past few trading session as it was not able to sustain this level, besides that STI today traded above this level and also closed near its 3100 mark. As we told in our previous report that STI having its 200 day MA level of 3072.07; if STI sustains this level and closed well above this level , so

we can say STI is bullish on charts and expect 100-150 points on gain from this level.

RESISTANCE

STI having Resistance @ 3118 which is multiple resistance and support level previously, so if maintains this level than it can go to breach its 50 day MA level of 3157.75 and above this 3180 will be the next level for STI.

SUPPORT

STI having strong support @ 3060 level if STI breached this level than it can go for 3030-3000 level.

TECHNICAL INDICATORS

Indicators are bullish on daily charts; MACD is looking bullish as it is trading with bullish crossover, and RSI also trading above its centreline of 50 @ 50.36 recovers from lower levels.

Finally STI breached its major Resistance level and maintain above, from the opening bell STI were on firm node and closed above its 3100 mark after 14th Feb 2011. STI opens @ 3066.52 levels and after that made a low of 3062.52, but took support and made a high of 3015.90 and finally closed near today's high @3103.81 with gain of 37.32 points up by 1.22%.

MARKET FORECAST

After a weeklong consolidation, finally STI crossed its major Resistance level of 3072 and also maintain this level. From past few trading session as it was not able to sustain this level, besides that STI today traded above this level and also closed its 3100 mark also. STI having its 200 day MA level of 3072.07; today f STI sustains this level and closed well above this level , so now we can say STI is looking bullish on charts and expects 100-150 points on gain from this level.

RESISTANCE

STI having Resistance @ 3118 which is multiple resistance and support level previously, so if maintains this level than it can go to breach its 50 day MA level of 3157.75 and above this 3180 will be the next level for STI. 3100.

SUPPORT

STI having strong support @ 3060 level if STI breached this level than it can go for 3030-3000 level.

TECHNICAL INDICATORS

Indicators are bullish on daily charts; MACD is looking bullish as it is trading with bullish crossover, and RSI also trading above its centreline of 50 @ 52.12 recovers from lower levels.

United Overseas bank looking bullish on daily charts and also it were trading in a V shape recovery, UOB closed @ 18.60 levels after made a high of 18.86 with gain of 0.10 points up by 0.54%.

On the Daily graph UOB facing Resistance @ its 200 day MA level i.e. 18.849 and also its 50 day MA level of 18.92. UOB looking good long above its 18.922 level because its shorter day (50) MA level crossed its longer day (200) MA level

which is bullish signal, so one can take long position above 18.922 for target of 19.20-19.40-19.60.

UOB having support @ 18.50 levels and if it will not sustain this level 18.25-18.00 will be the major support for UOB.

Technical Indicator MACD is looking bullish as it can give its bullish cross over if UOB price sustains higher levels and RSI also recovers from lower level and trading near to centreline of 50 @ 48.34.

Weekly Wrap Of STI
STI pulls back in the last week and closed above its major Resistance level of 3060 @ 3061.31. Technically, STI breached its 50 weeks MA level of 3035.23 this week and closed also below this level. As STI closed on positive note in the month of Feb, Opens up on 1day on this months and maintain itself above 3000 mark and finally
closed near to its crucial Resistance zone. Market Forecast For Week Ahead
On the Weekly graph STI trading above its up sloping trend line which were act as a decisive level for STI as previously it was a major Resistance and now when STI were trading above the up sloping trend line then it will act as a major Support zone . STI breached its 50 week MA level of 3032.32 and after that it made a high of 3083.29, but finally closed below the high and above the 50 weeks MA level @ 3061.31. For the coming week if STI maintain itself to trade above 3072 level than only we can say it will go more upside, however STI trade in a upward direction still it can't able to sustains its higher level and facing tremendous resistance pressure @ that level, so for Next week if it able to hold this higher level , it can go up wards or it may be a sideways.

STI Resistance
STI having major resistance @ 3072 level above this level 3100-3130 and 3160 will be the major Resistance for market.STI Support
STI having strong support @ its 61.8% retracement level of 2925 and if it will crossed this level and sustains this than it can move more 100-150 points from this level, because below this level the only immediate support comes @ its 200 week MA level of 2809.31 , so below 2925 its intermediate supports comes @ 2880-2809.

Technical indicators
MACD and RSI both are looking bearish as both are in negative zone; RSI trading below its centreline of 50 @ 45.33 levels and MACD
is also in negative zone but looking positive on daily graph.

Golden Agriculture hit resistance at 72c and closed lower at 70.5c, forming a black candle in the process. In its attempt to move above 72c resistance, volume was relatively lower, suggesting a lack of buyers.

A dead cross between the 50dMA and the 100dMA is still on the cards and the market has turned cautious as evident in the declining volume as price tried moving higher in the last 4 sessions. A pull back would see initial support at 68c, followed by 64c, as provided by the rising 200dMA.

What if the counter were to move higher? Well, there is that probability since volume is healthy this week, forming a nice white candle in the process. In fact, it could be a 3 candle reversal pattern. Looking at the weekly chart, 72c is a longer term resistance as provided by the 20wMA. If this were to give way next week, we could see price go higher to 75c and, then, 80c.

On the other hand, things could get quite ominous if the downtrend which started in early January 2011 were to re-assert itself. The 50wMA is currently at 62.5c while the 100wMA is currently at 54c. Both these MAs are long term MAs, however, and should provide strong support if ever tested.

All we can really say is that the downtrend has come to a halt and that price is testing gap resistance at $1.75. In fact, today, price touched a high of $1.78 before closing lower at $1.74. Traders are selling into strength amid uncertainties in the world markets.
Although an inverted black hammer is not pretty, price still closed above the support line drawn with the low of 28 Feb as the source. This is encouraging. The declining volume as price tried to move higher is the major dampener for bulls here. If this continues, we could be seeing the early days of a longer consolidation process. Immediate support is still at $1.69 and if this breaks, we could see price moving lower. The gap resistance at $1.75 which has cracked two sessions in a row remains the immediate resistance although weakened. A realistic target upon overcoming gap resistance is $1.83, a twice tested support that gave way on 23 Feb.

MARKET REVIEW
On the 1st day of month STI trade positive biased as on the last day of Feb. it ends with showing signs of turning up and STI proves this and closed with good gain today. STI opens above 3000 mark @ 3010.51 and from that level it was trades above this level and made a high of 3072.01 just near to our resistance level of 3072 and finally closed @ 3067.60 with gain of 57.09 points up by 1.90%.

MARKET FORECAST
STI closed near to its day high and it formed a Bullish white candlestick pattern, this is generally considered bullish, as prices closed significantly higher than they opened. And in which situation it forms it will be a bullish signal for market, and also STI closed above its 200 day MA level of 3063.80 @ 3067.60. As we told in our weekly report that STI trading @ its up slopping trend line and trying to maintain itself above this trend line and today also it were closed above this trend line and not sustains below this which is good sign of recovery, if STI sustained this levels than we can see 100-150 points of recovery in the market.

RESISTANCE
STI having Resistance @ 3080 which is a good Resistance zone as this level is good support for STI previously and if sustains than next higher level comes @ 3100-3130.

SUPPORT
STI having strong support @ 3045 level if STI breached this level than it can go for 3010-2965 level soon.